topic Re: Amex Delta Reserve approved! but... in Credit Card Approvals

Amex Delta Reserve approved! but...

time2shine — Sun, 03 Jul 2022 00:02:24 GMT

Put a decent amount of spent across the Amex Delta Gold - $20k in 2020, $60k in 2021 and $26k so far this year. Anticipating some int'l travel I applied for the Reserve, hoping to boost miles a bit.

Approved! $15k SL @ 766 Exp (if that's who they pulled...). But they borrowed from Peter to pay Paul. They reduced my Gold from $32.5k to $20k. =(

I called and they confirmed a, "reallocation of limits." Is that normal? I guess overall its a $2.5k increase so I shouldn't complain, but my initial excitement is certainly tempered now. Thoughts / advice?

Re: Amex Delta Reserve approved! but...

imaximous — Sun, 03 Jul 2022 00:08:34 GMT

Congrats on the approval despite the credit reallocation!

Unless there's a reason for you to keep the Gold card, I'd just move its limit to Reserve and cancel Gold.

Re: Amex Delta Reserve approved! but...

gdale6 — Sun, 03 Jul 2022 02:11:18 GMT

Grats on your new Delta reserve card

Its a known practice with Amex, you have hit the limit of credit they will extend so they just moved limit from something else you have with them.

Re: Amex Delta Reserve approved! but...

PapaTunde — Sun, 03 Jul 2022 02:23:18 GMT

Congrats on your approval

Re: Amex Delta Reserve approved! but...

PapaTunde — Sun, 03 Jul 2022 02:23:57 GMT

@imaximous wrote:
Congrats on the approval despite the credit reallocation!

Unless there's a reason for you to keep the Gold card, I'd just move its limit to Reserve and cancel Gold.

yup

Re: Amex Delta Reserve approved! but...

GatorGuy — Sun, 03 Jul 2022 02:26:28 GMT

Congrats on your approval.

What is your total Amex exposure? As stated, if they are reallocating your CL you are tapped out for your current income.

Re: Amex Delta Reserve approved! but...

RockyTop_TN — Sun, 03 Jul 2022 02:29:33 GMT

@GatorGuy wrote:
Congrats on your approval.

What is your total Amex exposure? As stated, if they are reallocating your CL you are tapped out for your current income.

Doyou happen to know the income to credit limits ratios for Amex?

Re: Amex Delta Reserve approved! but...

babygirl1256 — Sun, 03 Jul 2022 03:19:25 GMT

Congrats on your Amex Delta Reserve approval . . . I read on another post where Amex approved a new card but reduced the limit on another product. Interesting!!!

Re: Amex Delta Reserve approved! but...

KingRue8500 — Sun, 03 Jul 2022 10:37:23 GMT

Congrats on your AMEX Delta Reserve approval

Re: Amex Delta Reserve approved! but...

time2shine — Sun, 03 Jul 2022 16:43:23 GMT

imaximous, I think winding down use of the Amex Gold makes a lot of sense.

Before the Reserve approval, it had been 3.5 years since my last credit card application. I've had my eye on a particular card though, and decided last night, that if I could get that card, it would be a good transition to let the Gold rest.

For details, please see my forthcoming Captial One Savor thread...

Re: Amex Delta Reserve approved! but...

cashorcharge — Sun, 03 Jul 2022 18:28:38 GMT

WooHoo!! Congratulations on your AMEX Approval!!👏🏼🍾🥂

Good luck on your 91 day CLI

Re: Amex Delta Reserve approved! but...

CreditAggie — Sun, 03 Jul 2022 23:45:41 GMT

Congratulations on your Amex Delta Reserve approval!

Re: Amex Delta Reserve approved! but...

imaximous — Mon, 04 Jul 2022 00:40:00 GMT

@time2shine wrote:
imaximous, I think winding down use of the Amex Gold makes a lot of sense.

Before the Reserve approval, it had been 3.5 years since my last credit card application. I've had my eye on a particular card though, and decided last night, that if I could get that card, it would be a good transition to let the Gold rest.

For details, please see my forthcoming Captial One Savor thread...

Yeah. Sounds like your best bet now is to cancel that Delta Gold after moving its limit and not pay a second AF for a Delta card.

It also seems like you were spending a good amount on the Delta Gold card before this approval. I'm not sure if you also use any other cards or type of spend you're putting on it, but did you ever work out some numbers to see if there may be another card that would help you maximize that spend?

Re: Amex Delta Reserve approved! but...

Junejer — Mon, 04 Jul 2022 01:08:29 GMT

It is very much a normal practice. It just happened to me last week. In my case it was due to my usage on my EDP Card, which is basically nothing. Can't say what your case is, but they will explain it in a letter that they will send you.

Re: Amex Delta Reserve approved! but...

NalekSok — Mon, 04 Jul 2022 16:28:05 GMT

Congratulations on your approval! 🎉 Enjoy those new benefits!